150 Tequesta DrTequesta, FL 33469

Property Details for 150 Tequesta Dr

Year built

2004

Construction

CONCRETE

Lot size

1.40 AC

Property size (Sq ft)

6,100 SF

Zone code

M-U

Property type

Banks

APN

60-43-40-30-52-000-0010

APU

60434030520000010

Description

This exceptional 6,100 square foot office building, situated on a 1.4-acre lot in desirable Jupiter, Florida, presents a unique investment opportunity. Built in 2004 and renovated in 2010, the property boasts a prime location at the corner of US Highway 1 and Tequesta Drive, offering excellent visibility and accessibility. Currently configured as a single-tenant space, the building features a drive-thru and ample parking, making it suitable for a variety of uses. The property is zoned MU, allowing for flexibility in terms of future development. New ownership has the option to renovate the existing structure for single or multiple tenancy, or to pursue a complete redevelopment, capitalizing on the high-demand location. The building's history as a former Bank of America branch speaks to its strong structural integrity and desirable location within the highly sought-after east coast of Florida market. This property offers significant potential for investors seeking a prime location with redevelopment or renovation options. The substantial lot size provides ample space for expansion or additional development. This is an exceptional opportunity to acquire a well-located commercial property with significant upside potential. The property's strategic location and flexible zoning make it an ideal investment for both short-term and long-term growth.

• CAP approach

  CAP return

  Valuation

  6%

  $2,798,080

  6.5%

  $2,582,850

  7%

  $2,398,360

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,617,150

  Geo Method

  $1,617,150

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,929,900

  Mixed-Use / Specialty

  $2,616,840

  Hospitality / Lodging

  $1,976,130

  Office

  $2,646,290

  Institutional / Educational

  $2,735,900

  Residential Income

  $3,201,000

  Multifamily

  $3,599,620

  Automotive / Energy

  $2,345,050

  Parking / Income-Based Land

  $766,569

  Restaurant / Food Service

  $1,453,230

  Healthcare / Senior Housing

  $2,639,220

Location Insight

City

Tequesta

County

Palm Beach

State

Florida

Latitude

26.9589

Longitude

-80.0854

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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